[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.651(a)-4]

[Page 98]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.651(a)-4  Charitable purposes.

    A trust is not considered to be a trust which may pay, permanently 
set aside, or use any amount for charitable, etc., purposes for any 
taxable year for which it is not allowed a charitable, etc., deduction 
under section 642(c). Therefore, a trust with a remainder to a 
charitable organization is not disqualified for treatment as a simple 
trust if either (a) the remainder is subject to a contingency, so that 
no deduction would be allowed for capital gains or other amounts added 
to corpus as amounts permanently set aside for a charitable, etc., 
purpose under section 642 (c), or (b) the trust receives no capital 
gains or other income added to corpus for the taxable year for which 
such a deduction would be allowed.